Peleton Finalizes Its Buyout of Fitness Equipment Maker Precor
Peloton Interactive (NASDAQ: PTON) announced this morning that its acquisition of exercise equipment manufacturer Precor has been finalized in a deal worth $420 million in cash.
The announcement noted that the merger enables Peloton to start building its own exercise equipment in the United States, rather than importing it from overseas, and that the company plans to start producing its connected fitness products in the United States before the end of this year.
Image source: Getty Images.
Source Fool.com
